The Warehouse INC FY2022 filing

Tax-deductible

Eagle River, WI501(c)(3)Since 2012Arts & CultureEIN 90-1023129Revenue $191K in FY2022

On file with the IRSeagleriverart.com107 S Railroad St, 54521-0000 · Eagle River, WITax-exempt since Jun 2014Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$32K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $9K a year · 5% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$66K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$191K
+27% vs prior year
Spent
$177K
To programs
100%
Net assets
$214K
By yearFY2020–FY2025
Revenue
$191K
FY2022▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2020$112K
FY2021$150K
FY2022$191K
FY2023$158K
FY2024$133K
FY2025$188K
Expenses
$177K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$177K
FY2023$170K
FY2024$156K
FY2025$132K
Net assets
$214K
FY2022▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$163K
FY2021$200K
FY2022$214K
FY2023$203K
FY2024$193K
FY2025$249K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $177K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation
$32,400Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kim Adamovich’s $39K as Executive Director is at the 34th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kim Adamovich$39,462$25,577————
Donna Murray-Tiedge——$32,400$32,400$32,400$31,673

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers arts education, programming, and events for all ages, enriching community life and vitality.

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Provided by the organization

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1 program · $177K · in their own filed words · FY2022
01

The warehouse community arts center serves as eagle river's artistic hub, providing quality education, programming, and events that explore all aspects of creativity for all ages. We believe that access to the arts improves the quality of life of each individual who lives and plays here while also contributing to the economic vitality of…

$177Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$191K
Ln 12
Gifts and grantsLn 1h$134K
Fees for servicesLn 2g$48K
Other incomeLn 4–11$9K
Money outPt IX
$177K
Ln 25
Programscol B$177K
Owns and owesPt X
$214K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$281K
LiabilitiesLn 26$66K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$134K
Government grantsLn 1e$20K
Noncash giftsLn 1g$20K
Fees for servicesLn 2g$48K
Investment incomeLn 3$8
Other incomeLn 4–11$9K
Total revenueLn 12$191K
Assets in detailPt X, end of year
CashLn 1$56K
Cash and savings togetherLn 1–2$56K
Land, buildings, equipmentLn 10c$225K
Total assetsLn 16$281K
LiabilitiesLn 26$66K
Net assetsLn 32$214K
OperationsPt I, VI
EmployeesI 55
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$67K$56K
Land, buildings, equipmentLn 10c$219K$225K
Total assetsLn 16$289K$281K
LiabilitiesLn 26$88K$66K
Net assetsLn 32$200K$214K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$63K$63K
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$7K$7K
OccupancyLn 16$18K$18K
TravelLn 17$1K$1K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$54K$54K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$177K$177K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $188K$132K$56K$249K 990 PDF
FY2024 $133K$156K−$23K$193K 990 PDF
FY2023 $158K$170K−$12K$203K 990 PDF
FY2022 Viewing $191K$177K$14K$214K 990 PDF
FY2021 $150K$200K 990 PDF
FY2020 $112K$163K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $190,577 revenue, 12 lines filed
I-8 Contributions and grants$133,631
I-9 Program service revenue$48,376
I-10 Investment income$8
I-11 Other revenue$8,562
I-12 Total revenue$190,577
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$68,121
I-16a Professional fundraising fees$0
I-17 Other expenses$108,602
I-18 Total expenses$176,723
I-19 Revenue less expenses$13,854
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $190,577 across 8 lines filed
Lines not itemized here account for $2,403 of total revenue; see the IRS return.
VIII-1e Government grants$20,372
VIII-1f All other contributions, gifts and grants$113,259
VIII-1g Noncash contributions (included above)$19,641
VIII-1h Total contributions, gifts and grants$133,631
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,376$48,376
VIII-3 Investment incomeRelated to mission $8$8
VIII-8 Net income from fundraising events$6,159
VIII-12 Total revenueRelated to mission $50,787$190,577
Part IX · Statement of functional expenses $176,723 across 12 lines filed
IX-7 Other salaries and wagesPrograms $63,280$63,280
IX-10 Payroll taxesPrograms $4,841$4,841
IX-11c Accounting feesPrograms $3,603$3,603
IX-12 Advertising and promotionPrograms $2,929$2,929
IX-13 Office expensesPrograms $6,612$6,612
IX-16 OccupancyPrograms $18,028$18,028
IX-17 TravelPrograms $1,078$1,078
IX-20 InterestPrograms $4,318$4,318
IX-22 Depreciation, depletion and amortizationPrograms $11,057$11,057
IX-23 InsurancePrograms $4,763$4,763
IX-24 Other expenses (24a–d)Programs $54,427$54,427
IX-24e All other expensesPrograms $1,787$1,787
IX-25 Total functional expensesPrograms $176,723 · Management $0 · Fundraising $0$176,723
Part X · Balance sheet $280,710 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $67,129$55,886
X-4 Accounts receivableStart of year $89$200
X-10c Land, buildings and equipment, netStart of year $219,240$224,624
X-16 Total assetsStart of year $288,919$280,710
X-17 Accounts payable and accrued expensesStart of year $1,495$8,439
X-25 Other liabilitiesStart of year $86,973$57,966
X-26 Total liabilitiesStart of year $88,468$66,405
X-27 Net assets without donor restrictionsStart of year $200,451$214,305
X-32 Total net assets or fund balancesStart of year $200,451$214,305
X-33 Total liabilities and net assetsStart of year $288,919$280,710
Part XI · Reconciliation of net assets $214,305 net assets at year end
XI-1 Total revenue$190,577
XI-2 Total expenses$176,723
XI-3 Revenue less expenses$13,854
XI-4 Net assets at start of year$200,451
XI-10 Net assets at end of year$214,305

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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